Game Over: How You Can Prosper in a Shattered Economy

by Stephen Leeb

Overview

You already know about the devastating recession we're in. Jobs are being cut by the tens of thousands. Real estate values are plummeting. Retirement plans and 401ks are going up in smoke. And then there's rising inflation. And whether we like it or not, higher gasoline prices again are right around the corner.

Then there's the ever-present confusion and dips in the stock market, and, whether we want to admit it or not, the fact that the world is finally beginning to run out of essential raw materials, such as silver, titanium, and, of course, oil.

Yes, the economy is definitely a wreck. Even worse, according to most experts, our problems are not going away soon. We're going to be in serious financial trouble for a long time.

So . . . are you ready for some good news?

As you will discover in Game Over, bestselling author and investment advisor Dr. Stephen Leeb shows you how to not only survive in the current economic maelstrom but actually find a way to thrive.

Dr. Leeb first tells you just how bad things are by exposing the basic suppositions of our institutions, and how quickly outdated they've become. Warning bells are sounding especially for Americans looking forward to a relaxing retirement and living off their savings, investments, Social Security, and Medicare. The time to sit up and take action is now.

Dr. Leeb provides a clear-cut and well-crafted financial road map to protect every investor in the years to come. Specifically, he reveals which key investments will steadily rise . . . the best ways to hedge surging inflation . . . and which sectors will boom.

Many will lose their savings, watch their investments shrink, and never fulfill their financial dreams. But with Dr. Leeb's advice, you can make sure yours come true.

Product Details

ISBN-13:	9780446557368
Publisher:	Grand Central Publishing
Publication date:	01/28/2009
Sold by:	Hachette Digital, Inc.
Format:	eBook
File size:	840 KB

About the Author

Regarded as one of the nation's experts on global economic trends, Stephen Leeb has written several bestselling books, including The Oil Factor, The Coming Economic Collapse, and Game Over.

Table of Contents

Author's Note ix

Introduction 1

Part I Resource Shortages: Facing Facts 11

Chapter 1 Oil: Racing to Run-Out 13

Chapter 2 Vicious Circles: Oil, Metals, and Minerals 25

Chapter 3 Water Is a Commodity, Too 34

Chapter 4 The Developing World 43

Chapter 5 The Curse and Cost of Complexity 58

Chapter 6 Wall Street, Complexity, and the Shortfall in Resources 68

Part II Meeting the Challenge 77

Chapter 7 We Never Said It Would Be Easy 79

Chapter 8 Alternative Energies 86

Chapter 9 More on Alternative Energies 100

Chapter 10 Buying Time 113

Chapter 11 Denial and Disaster 124

Part III Economic Tsunami 135

Chapter 12 The Inflation Bomb 137

Chapter 13 Inflation: Why the Old Solutions Will No Longer Work 149

Part IV Investments for a Chaotic World 165

Chapter 14 Gold: Your Single Best Bet as the Commodity Crisis Unfolds 167

Chapter 15 BRAC: Staying Afloat by Investing Abroad 189

Chapter 16 Investing in the New Resource War 205

Chapter 17 Investing in the Solutions 213

Chapter 18 Our Best Hope: A Flatter World After All 222

Index 233

Acknowledgments 243

About the Author 245

Editorial Reviews

As the author of the much-quoted 2006 bestseller The Coming Economic Collapse and the prophetic 2005 jeremiad The Oil Factor, Dr. Stephen Leeb doesn't need additional endorsements. With those impeccable, if frightening credentials, he earns our undivided attention. His Game Over doesn't offer rosy conclusions or simple panaceas, but it does present his detailed assessment of the worrisome global economic problems and what readers can do to protect their resources. Tough words for tough times.

Investment guru Leeb, former editor of Personal Finance and a media commentator, reaffirms his earlier predictions, in The Coming Economic Collapse and The Oil Factor, that "the world is headed for a train wreck centered on pending massive shortages" of resources and commodities, especially oil. Though financial institutions now take center stage, Leeb asserts that the "vicious circles" he describes underlie those problems, and will only get worse as oil becomes scarcer (the Peak Oil theory, that "oil will never again be as plentiful and cheap" as it was). Another problem is increasing demand from emerging economies like China and India, and the inability of alternative energy to keep up-as they depend on yet more scarce commodities (solar cells use rare tellurium, wind mills require steel, etc.). Leeb declares gold the "most essential asset to invest in," with defense stocks a close second (in anticipation of coming resource wars), but his sobering perspective is tempered by a conclusion that "our challenge" in the coming crisis is "more sociological than economic," and that a soft landing for the U.S. could mean a simpler, "more productive" society and a return to 1950s-style prosperity.
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